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College Savings Calculator | Saving for College


With student loan debt at an all-time high, exceeding both automobile and credit card debt in the United States, it’s more important than ever to save for your education as far enough in advance as possible. It’s never too early to start building an education fund for yourself or for your children. Use the building an education fund calculator to help you determine approximately how much you will need to save on a regular basis before college begins.

The earlier you build and contribute to an education fund, the less you will have to rely on student loan and credit card debt to fund your education and the more likely you will be to lead a financially healthy life after college. According to a recent ACCC poll, 77 percent of respondents have outstanding student loan debt. Many feel that their debt has held them back from achieving traditional milestones such as getting married, buying or leasing a car, buying a home, have a child, etc. For a full breakdown of the results of the student loan debt poll, check out the infographic.

Download ACCC’s financial workbook for pre-college and current college students for information on everything from choosing a bank and credit card to how to earn money from part-time jobs and scholarships and how to save money during college on textbooks, rent, clothing, and electronics.

American Consumer Credit Counseling (ACCC) provides nonprofit credit counseling, debt relief, and debt elimination services for consumers nationwide. We offer free credit counseling to help consumers identify the right debt reduction program or debt solution for their unique situation. Since 1991, our certified credit counselors have helped thousands of individuals and families learn how to pay off a credit card balance and how to get out of debt fast through programs designed to payoff credit card debt within five years. Our debt management programs consolidate card credit debt payments and help reduce interest rates and finances charges, reducing the time it takes for getting rid of debt. And we offer comprehensive financial education services where consumers can get answers to questions like "How do I create a budget?", "What is debt consolidation?" and "How can I avoid debt in the future?"

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